On #ThisDayinHistory 1977, the Panama Canal is nationalized. President Jimmy Carter and Panamanian dictator Omar Torrijos signed a treaty agreeing to transfer control of the Panama Canal from the United States to Panama at the end of the 20th century #AceHistoryNews – @AceHistoryNews

#AceHistoryNews – Sept.07: The Panama Canal Treaty also authorized the immediate abolishment of the Canal Zone, a 10-mile-wide, 40-mile-long U.S.-controlled area that bisected the Republic of Panama #AceHistoryDesk reports

https://t.me/HistoricalPics/6987 Many in Congress opposed giving up control of the Panama Canal, but America’s colonial-type administration of the strategic waterway had long irritated Panamanians……. The rush of settlers to the West in the mid 19th century was the initial impetus of the U.S. desire to build an artificial waterway across Central America and in 1855, the United States completed a railroad across the Isthmus of Panama (then part of Colombia), prompting various parties to propose canal-building plans……..By the turn of the century, sole possession of the proposed canal became a military and economic imperative to the United States, which had acquired an overseas empire at the end of the Spanish-American War and sought the ability to move warships and commerce quickly between the Atlantic and Pacific oceans….. After years of negotiations for a new Panama Canal treaty, agreement was reached between the United States and Panama in 1977……..Signed on September 7, 1977, the treaty recognized Panama as the territorial sovereign in the Canal Zone but gave the United States the right to continue operating the canal until December 31, 1999…….. Despite considerable opposition in the U.S. Senate, the treaty was approved by a one-vote margin in September 1978…… It went into effect in October 1979, and the canal came under the control of the Panama Canal Commission, an agency of five Americans and four Panamanians………. At noon on December 31, 1999, the Panama Canal was peacefully turned over to Panama. #Panama #PanamaCanal #history #1970s #AceHistoryNews

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